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The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator

Economist Claudia Sahm on CNBC's The Exchange.CNBCAs the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on...

May retail sales rise 0.1%, weaker than expected

On a year-over-year basis, sales rose 2.3%.The sales number was worse when excluding autos, with a decline of 0.1% against the estimate for a...

May retail sales rise 0.1%, weaker than expected

A worker assists with check-out at a Costco store in Teterboro, New Jersey, US, on Wednesday, Feb. 28, 2024. Stephanie Keith | Bloomberg | Getty...

Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more

Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock...

Fed’s Kashkari says it’s ‘reasonable’ to predict a December rate cut

The Fed last week held its benchmark policy rate in the 5.25%-5.50% range, where it has been since last July, to keep continued pressure...

Cocoa prices are soaring. Candy makers will need to get creative

Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina...

Ford ends EV dealership program that required hefty investment to sell electric models

EV sales for Ford and other automakers are growing but at a far slower pace than many expected. That's led to automakers delaying or...

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